Quick Answer: How Can I Double My Money In One Day?

How can I double my money fast?

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How can I double my money?

If you divide your expected annual rate of return into 72, you can find out how many years it will take you to double your money. Let’s say, for example, that you expect to get returns of 10 percent a year. Divide 10 into 72, and you discover the number of years it takes you to double your money, which is seven years.

How can I double my money in a month?

  • 25 ways to double your paycheck in one month.
  • Make Money Off Your Clutter.
  • Get Paid to Carpool.
  • Use Your Free Credit Card Rewards.
  • Pick Up Your Unclaimed Cash.
  • Get Into DIY.
  • Sell Your Blood.
  • Become an Online Survey Taker.

How can I double my money in one day in India?

Here are some options to double your money:

  1. Tax-free Bonds. Initially tax- free bonds were issued only in specific periods.
  2. Kisan Vikas Patra (KVP)
  3. Corporate Deposits/Non-Convertible Debentures (NCD)
  4. National Savings Certificates.
  5. Bank Fixed Deposits.
  6. Public Provident Fund (PPF)
  7. Mutual Funds (MFs)
  8. Gold ETFs.

Is Coca Cola a good investment?

Thus, while Coca-Cola may not be immune to economic disruption arising from the COVID-19 outbreak, it is a safe, defensive investment of proven quality, with a strong balance sheet and superior operating characteristics to boot.

How can I be a millionaire?

Here are eight ways to become a millionaire.

  • Develop Your Career and Expertise. Mint Images/Getty Images.
  • Save Diligently and Invest for Growth. Sean Russell/Getty Images.
  • Create Intellectual Property.
  • Build a Business.
  • Invest in Real Estate.
  • Hire a Financial Adviser.
  • Make Smart Investments.
  • Create a Financial Plan.

How can I get rich with 5000 dollars?

7 Best Ways to Invest $5,000 of Your Savings

  1. Save with an online bank.
  2. Think about certificates of deposit (CDs) or money market accounts.
  3. Consider investing in a Roth IRA.
  4. Research online investment firms.
  5. Invest in actively managed mutual funds.
  6. Go for index funds.
  7. ETFs.

What are the tips to save money?

How to save money: 11 Super simple money saving tips

  • #1. Make a budget. At the heart of any savings plan is a budget.
  • #2. Track your spending.
  • #3. Pay off your credit card.
  • #4. Open a savings account.
  • #5. Focus on recurring expenses.
  • #6. Control your impulses.
  • #7. Smooth your bills.
  • #8. Plan your meals.

What is the best stock to invest in right now?

Best stocks as of March 2020

SymbolCompany namePrice performance (YTD)
NOWServiceNow Inc22.23%
BLLBall Corp21.48%
NVDANVIDIA Corporation20.91%
ROLRollins Inc.20.87%

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Is buying gold is a good investment?

Gold should be an important part of a diversified investment portfolio because its price increases in response to events that cause the value of paper investments, such as stocks and bonds, to decline. Although the price of gold can be volatile in the short term, it has always maintained its value over the long term.

What should I do with 100000?

Now, let’s get to work on getting that $100,000 invested.

  1. Avoid triggering an unnecessary tax bill.
  2. Put as much money as possible where the IRS can’t get to it.
  3. Pay yourself even more.
  4. Don’t let fees drain your fortune.
  5. Resist the urge to make a major strategy shift.
  6. Find the right kind of help.

What are the best investment?

Top 10 investment options

  • Debt mutual funds.
  • National Pension System (NPS)
  • Public Provident Fund (PPF)
  • Bank fixed deposit (FD)
  • Senior Citizens’ Saving Scheme (SCSS)
  • RBI Taxable Bonds.
  • Real Estate.
  • Gold. Possessing gold in the form of jewellery has its own concerns like safety and high cost.

Which bank is safe for FD?

3. Compare Interest Rates from different Banks

BANKNormal CitizensSenior Citizens
State Bank of India5.75% – 6.85%6.25% – 7.35%
HDFC Bank3.50% – 7.40%4.00% – 7.90%
ICICI Bank4.00% – 7.50%4.50% – 8.00%
Axis Bank3.50% – 7.60%3.50% – 8.25%

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How much interest will one crore earn?

As per above calculation, you would get about 7 lakhs interest per annum on a deposit of 1 crore rupees. That is, 700000 ÷ 12 =Rs. 58333.33 per month as interest or Rs. 1944.44 per day.

How many years FD will double?

Fixed Deposit: Currently, banks are offering an interest rate of around 6.25 per cent per annum on deposits with a maturity period of more than five years. Invest in an FD now and it will take 11 years for the money to double.